Capital one savor one credit card - $150 signup $500 referral bonus 3% cashback dining/entertainment

Discussion in 'Best Cashback Credit Cards' started by Shobir, Dec 23, 2019.

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  1. Shobir

    Shobir Administrator Staff Member

    Admin Post
    At FindSomeMoney.com we love to analyse credit cards, in particular we love looking at cashback credit cards to see how we can make some money and maximise the cashback rewards.

    One of my favourite Cashback rewards credit card is the Capital One Savor One. There is a lot to like about this card and when you add up all the rewards you can make a substantial sum of money. Some people on Reddit and Nerdwallet.com are making over $3000 per year from the cash back credit cards and you can to. Check out this short but concise guide on all the bonuses, features and strategies to maximise your money.

    The Capital One Savor One credit card has exceptional benefits. Right off the bat, you can earn $150 in cash reward by spending $500 within 3 months of opening the account. You can refer up to 5 people a year and earn a total of $500. You can also earn up to 3% on dining and entertainment. For Foodies this credit card is absolutely fabulous.

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    Bonus 1: The Capital One Savor One Credit Card will give you $150 in cash rewards when you spend $500 or more within 3 months. Easy and quick.

    Bonus 2: The Capital One Savor One Credit Card rewards you with 3% cashback on dining and entertainment. You can get 2% on groceries and 1% on the rest. These cashback rewards soon mount up if you spend diligently.

    Bonus 3: That's not all. On top of all that you get 15 months interest free credit on all purchases and balance transfers. The balance transfer comes with a 3% fee, nevertheless, if you're paying 20% interest on another card you will save more than the 3% you pay in fees. Simple but effective, this offer can save you lots of money.

    Capital One Savor One Credit Card FICO Requirements

    Without beating around the bush lets discuss FICO credit scores for the Capital One Savor One Credit Card. You will need a FICO score of 680 as a bare minimum to get approved for this card.

    Most credit card experts say you should aim for a FICO credit score of 700+ to be certain of approval. You should also make sure you have a satisfactory credit utilisation ratio (don't use too much of your credit) and avoid any nasty surprises on your credit report like fraud markers.

    Don't chance it, get a copy of your credit report and FICO score and analyse everything in detail before you apply. It might be that your credit score does not reach the sufficient level. Don't worry, relax. Spend 6 to 12 months rectifying the situation. You can attain an excellent credit score within 12 months if you put your mind to it. I would urge you to do this because raising your FICO credit score above 700+ will make a huge difference to your life, a lot of BIG doors will open for you.

    Capital One Savor One Credit Card Features
    I really enjoyed analysing this credit card, I know it sounds funny but it actually gives me a buzz to find a cashback reward credit card that's crammed full of rewards.

    Anyway, I digress, the Capital One Savor One Credit card has amazing features. This cashback rewards card is particularly suited to foodies and people who constantly need entertainment.

    You can really excel with this card if you run an events business which requires hiring restaurants and providing entertainment. There are people on Reddit who are cleaning up using this strategy and it's completely legal.


    Feature 1:
    Within 3 months you need to spend $500 using the Capital One Savor One Credit Card and get $150 in cash bonus.

    Feature 2: If you love dining or entertainment you can get 3% cashback when you use the Capital One Savor One Credit card.

    I've read on Reddit where cashback experts have started a events business using this cashback reward card and are cleaning up all the way to the bank, they are making a killing.

    Feature 3: Another exceptional feature about the Capital One Savor One Credit Card is there are no rotating categories or boring signups you need to contend with. You just have to go with the flow and spend with this cashback rewards credit card.

    Feature 4: No one likes it when cashback rewards expire, it's bloody infuriating. Fortunately, with the Capital One Savor One Credit Card the rewards never expire as long as the account is open. Every little helps.

    Feature 5: Get a stonking 15 months interest free period on purchases and balance transfers. The fee on the balance transfer on the Capital One Savor One Credit Card is only 3% so you could save a lot of money if you're paying interest elsewhere!

    Feature 6: If travelling is your thing the Capital One Savor One Credit Card should be right up your street. There are no Foreign Transaction Fees, so you can travel the world without worrying about nasty fees.

    Feature 7: You can make even more money with the Capital One Savor One Credit Card using the referral bonus. Refer someone to this card and when they signup you'll get $100 in referral bonus. You can refer 5 people a year and make $500 quite easily with your professional network.


    Maximizing Capital One Savor One Credit Card

    If you're anything like me you'll want to max out your cashback rewards and squeeze every reward you can. There nothing illegal about maxing out the cashback rewards.

    The Capital One Savor One Credit Card has exceptional opportunities to maximise the cashback rewards. In fact, there are credit card experts on Reddit and Nerdwallet.com who are cleaning up in terms of cashback rewards.

    Here are some of the strategies I use and some I have found online to absolutely rinse all the cashback rewards on the Capital One Savor One credit card...


    Strategy 1: First things first, take advantage of the $150 cashback reward on offer. Just spend $500 using the Capital One Savor One Credit Card within the first 3 months. It's an easy no-brainer way of making 150 quick ones.

    Strategy 2: Shift all the debt you are paying interest on to the Capital One Savor One Cashback credit card. You will get 15 months interest free credit by only paying a small 3% fee.

    The amount you save in interest will more than offset the balance transfer fee and you'll save a lot of money and buy some time. Simple!

    Strategy 3: Refer 5 people in your professional network to the Capital One Savor One Credit Card and get $100 per successful referral. You can make up to $500 every year through your referral bonus. It's easy and takes little time and you make 500 big ones.

    Strategy 4: Get additional cardholder cards (from Capital One Savor One) and allow responsible family members to use the card and pay off the balance in full every month. This way you can take advantage of other people's spending.

    Strategy 5: This maybe slightly far fetched, a lot of cashback connoisseurs have tried this over on Reddit. This strategy works by opening an events business and then using the Capital One Savor One Credit Card to spend on dining and entertainment.

    You can really cleanup on the 3% cashback on offer and there is no limit to how much you can earn. This is a beautiful strategy.

    Strategy 6: Just use the Capital One Savor One Credit Card on all your expenses to earn another 1% cashback reward. It might seem paltry but it does add up I kid you not!

    Capital One Savor One Credit Card FAQs

    You probably have a lot of questions about the Capital One Savor One credit card, I don't blame you. Getting your head around cashback rewards and how to maximize the opportunities takes time and patience.

    I've taken the liberty of producing a FAQ on the Capital One Savor One credit card to up everyone's learning curb. If you have any questions at all leave a message below.

    Q1: What credit score do you need for Capital One savor?

    The bare minimum FICO score you need to apply for the Capital One Savor One Credit card is 680. To be certain of approval you should aim for a FICO score of 700+ and ensure your credit utilisation is not too high and there are no nasty fraud markers on your credit report.

    Q2: Is Capital One savor hard to get?

    The Capital One Savor is hard to get because you need a credit score of 680+ as a bare minimum. You need Excellent Credit status to be approved for this cashback credit card.

    It is hard to get the Capital One Savor but not impossible. Just work on your credit score and within 6 to 12 months you realistically build your FICO credit score to 700+.

    Q3: Does Capital One use FICO?

    Capital One offers a free credit score to everyone, however, it does not use FICO scores and uses it's own score called Capital One Creditwise Vantage Score 3.0. This is very similar to a FICO score but it is not the same.

    Q4: Is Capital One savor a good credit card?

    The Capital One Savor is a good credit card and it is especially suited to credit card users who spend a lot of money on dining and entertainment because of the 3% cashback rewards on offer.

    You can earn $150 in cashback rewards when you spend $500 in the first 3 months. You can also earn $500 by referring 5 people to Capital One Savor One Credit Card. You also get 3% on food/entertainment, 2% on grocery and 1% on everything else. The Capital One Savor is a GOOD card.

    Q5: Can I upgrade my Capital One card?

    You can upgrade your Capital One Savor One Credit Card if your account is in good standing and your credit score has improved over time.

    All you have to show is you are managing your money effectively and you can request a upgrade to your credit card. Just call customer service and present your case, you should also ask for a credit limit increase while you're requesting an update and kill 2 birds with one stone.

    Q6: Is savor one better than Quicksilver?

    Capital One Savor One Credit card is better for people who spend a lot on dining and entertainment. The Capital One Quicksilver is better for individuals who want to earn cashback rewards at a flat rate. Both have their own perks and it depends on the person and their preferences.

    Q7: Are Capital One cards Visa or MasterCard?

    Capital One is a bank. Visa and MasterCard are card networks which process the payments made. Capital One uses both Visa and MasterCard depending on the card in question.

    Q8: What does capital one consider entertainment?

    Capital One places the entertainment category under items such as theme park, bowling alley, pool hall, dance club, aquarium, zoo, tourist attraction, concert, buying tickets to a movie etc etc. If you're not sure about a particular category just give Capital One Savor One credit card a call.

    Q9: What is Capital One highest credit limit?

    Credit card experts point to the Chase Sapphire Preferred cardholders with a FICO credit score of 700 or more have the highest credit limits. 10% of cardholders have credit limits above $20,000, the average credit limit for the Chase Sapphire Preferred card is around $10,000.

    Q10: Can I have two Capital One credit cards?

    You can have more than one Capital One credit cards. Firstly, you should get approved for your first Capital One credit card. Once you've established you can manage your credit card account effectively you can apply for another credit card from Capital One.

    Q11: Does Capital One have a referral bonus?

    The Capital One Savor One credit card has a very lucrative referral program. You will get $100 for a successful referral and you can earn up to $500 a year for referring a maximum of 5 people. You can continue referring 5 people every year to earn $500 per year. This is a simple but effective way to earn $500 every year.

    Q12: How do I refer a friend to Capital One?

    To refer a friend to a Capital One Savor One Credit card you must log into your credit card account and search for refer a friend. You will find a referral link which you can send to your friend and they must use that link to sign up. It is very simple to find the referral link and it takes about 10 minutes to apply for the Savor One Credit Card.

    Q13: How do I redeem my Capital One savor points?

    To redeem your Capital One Savor Points you must log into your Savor Account. Scroll down to Redeem Rewards. You can choose to redeem a purchase, redeem a gift or to credit your account. The process is very simple.

    Q14: Do Capital One Rewards expire?

    Your Capital One Rewards remain active and will never expire as long as your Capital One Savor One Credit Card account remains open. If you are thinking of closing your account you must redeem or transfer your points.

    Q15: Which Capital One card is the best?

    Most cashback rewards credit card agree the following...

    Capital One Venture Reward Credit Card is the best for travel.

    Capital One Quicksilver Cash Rewards Credit Card is best for cashback.

    Capital One Spark Cash for Business is best for small to medium sized business.

    Capital One Journey Student Rewards is best for college goers.

    Q16: How often does Capital One increase your credit limit?

    You can make a request to increase your Capital One Savor One credit card as ofter as you like, however, Capital One will only increase your credit limit every 6 months. If you've recently had your credit limit increased you much wait for another 6 months.

    Q17: Does Capital One increase credit limit automatically?

    You must make a request to increase your credit limit for the Capital One Savor One credit card.

    Q18: Which card is better Capital One Quicksilver or platinum?

    Capital One Savor One credit card is better for people who like entertainment and eating out whereas the Capital One Quicksilver is better for people who want a flat rate for their cashback spending. Think carefully before you decide which card is best for you.
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Best Cashback Credit Cards Capital one savor cash rewards credit card review - get 4% cashback on entertainment and food Dec 17, 2019
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